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GoFintech Innovation Limited
(0290)
GoFintech Innovation Limited (0290) vs. iShares MSCI Hong Kong ETF (EWH)
GoFintech Innovation Limited Business Overview & Revenue Model
GoFintech Innovation Limited Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.16M | 863.40M | 45.98M | 24.38M | 57.48M | 156.87M |
| Gross Profit | 27.57M | 37.59M | -1.74M | 18.37M | 22.91M | 130.50M |
| EBITDA | -14.75M | 10.14M | -28.42M | -49.83M | -40.63M | 41.42M |
| Net Income | -24.16M | -2.52M | -30.68M | -58.85M | -79.31M | -13.49M |
Balance Sheet | ||||||
| Total Assets | 1.27B | 4.61B | 1.09B | 475.76M | 604.61M | 955.44M |
| Cash, Cash Equivalents and Short-Term Investments | 121.24M | 392.80M | 462.76M | 183.21M | 195.81M | 363.86M |
| Total Debt | 19.02M | 430.56M | 23.98M | 36.78M | 175.60M | 333.10M |
| Total Liabilities | 227.75M | 686.47M | 305.35M | 179.29M | 356.75M | 631.14M |
| Stockholders Equity | 1.04B | 3.93B | 786.84M | 296.47M | 247.86M | 324.31M |
Cash Flow | ||||||
| Free Cash Flow | -199.37M | -133.46M | -121.72M | 17.25M | -101.49M | -1.75M |
| Operating Cash Flow | -194.90M | -92.99M | -121.72M | 17.25M | -101.36M | 3.10M |
| Investing Cash Flow | -498.64M | -753.66M | -188.57M | -75.51M | 1.09M | -4.86M |
| Financing Cash Flow | 685.96M | 649.13M | 489.73M | -25.21M | -158.84M | -191.65M |
GoFintech Innovation Limited Technical Analysis
GoFintech Innovation Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | HK$1.92B | 25.26 | 2.32% | 2.15% | 20.05% | 16.56% | |
47 Neutral | HK$18.75B | ― | -0.11% | ― | 1543.88% | 92.94% | |
46 Neutral | €2.04B | 1,927.27 | >-0.01% | ― | -27.12% | ― | |
45 Neutral | HK$819.86M | ― | -9.25% | ― | -66.98% | -115.16% | |
42 Neutral | HK$1.03B | ― | ― | ― | 156.41% | 21.56% | |
31 Underperform | €1.42B | ― | -99.49% | ― | 22.37% | 20.18% |
GoFintech Innovation Limited Corporate Events
GoFintech Quantum Innovation Limited announced the conditional agreement to issue 914,758,614 new shares to eleven subscribers at a price of HK$1.45 per share, representing a discount to recent trading prices. This move aims to raise approximately HK$1,321.40 million in net proceeds, enhancing the company’s capital base without requiring shareholder approval, as it falls under the General Mandate. The completion of this subscription is contingent on certain conditions, including stock exchange approval, and could significantly impact the company’s share capital and market positioning.
GoFintech Quantum Innovation Limited has appointed Dr. Liang Jinxiang as an independent non-executive director and member of various board committees, effective August 14, 2025. Dr. Liang brings over 15 years of experience in finance, capital markets, and financial technology, with expertise in risk management and compliance. His appointment is expected to enhance the company’s governance and strategic direction, potentially impacting its market positioning positively.
GoFintech Quantum Innovation Limited has announced the composition of its board of directors, which includes executive, non-executive, and independent non-executive directors. The board has established three committees: Audit, Nomination, and Remuneration, with specific directors assigned to each. This announcement reflects the company’s commitment to structured governance and strategic oversight, potentially impacting its operational efficiency and stakeholder confidence.
GoFintech Quantum Innovation Limited has announced a supplemental update regarding its collaboration with Rtree, a technical service provider specializing in the tokenization of real-world assets. This partnership aims to enhance the company’s capabilities in offering blockchain-based solutions for artwork-collateralized lending and on-chain fixed-income bond services. The tokenization process is expected to revolutionize asset trading by increasing efficiency, transparency, and accessibility, although no assets have been circulated on Rtree’s platform yet. The company will ensure compliance with relevant regulations before proceeding with asset tokenization.
GoFintech Quantum Innovation Limited has announced its upcoming annual general meeting scheduled for August 29, 2025, in Hong Kong. Key agenda items include the adoption of financial statements, re-election of directors, and authorization for the board to appoint additional directors. The company also seeks approval for the issuance of additional shares, not exceeding 20% of the current issued shares, which could impact its capital structure and shareholder value.
GoFintech Quantum Innovation Limited has announced a strategic investment in Rtree Tech Service Co., Limited, acquiring an 18% stake. Rtree is a high-tech company specializing in the tokenization of real-world assets, offering new liquidity channels through a blockchain-based platform. This investment is part of GoFintech’s strategy to advance its digital asset value chain and strengthen its market position by integrating traditional and crypto-native investment communities. The move is expected to enhance the company’s competitiveness and drive growth, benefiting both the company and its shareholders.
GoFintech Quantum Innovation Limited has announced a further delay in the dispatch of a circular related to a connected transaction involving loan capitalisation and the issuance of new shares under a specific mandate. The circular, initially expected to be dispatched by 18 July 2025, will now be sent to shareholders by 31 August 2025 due to the need for additional time to finalize certain information. This delay may impact the company’s operations and shareholder engagement, as the circular contains important details and advice regarding the transaction.
GoFintech Quantum Innovation Limited announced that the resolution regarding the Sale and Purchase Agreement was passed at their extraordinary general meeting (EGM) with overwhelming support. This approval allows the company to proceed with the issuance of Consideration Shares and authorizes directors to execute necessary actions related to the agreement. The successful passing of this resolution is a significant step for GoFintech, potentially impacting its market position and operations by enabling strategic transactions that could enhance its competitive edge.
GoFintech Quantum Innovation Limited has announced an extension to the Long Stop Date for its Loan Capitalisation Agreement, now set for 31 August 2025. This extension, agreed upon after negotiations with the lender, allows more time to fulfill the conditions precedent necessary for the completion of the agreement. The company assures stakeholders that all other terms of the agreement remain unchanged and will provide updates on significant developments.
GoFintech Quantum Innovation Limited announced its annual results for the year ending March 31, 2025, revealing a significant increase in revenue to HK$863.4 million from HK$49.5 million the previous year. Despite this revenue growth, the company reported a net loss of HK$2.5 million, an improvement from the previous year’s loss of HK$30.7 million. The results indicate a challenging year with increased staff costs and operating expenses, but also highlight a positive change in the fair value of investments, suggesting potential future growth opportunities.
GoFintech Quantum Innovation Limited has announced an extraordinary general meeting to approve a Sale and Purchase Agreement, which includes an acquisition and the issuance of Consideration Shares under a Specific Mandate. This move is expected to enhance GoFintech’s operational capabilities and strategic positioning within the fintech industry, potentially impacting stakeholders by expanding the company’s market reach and financial resources.
GoFintech Quantum Innovation Limited has announced a delay in the dispatch of a circular related to a connected transaction involving loan capitalisation and the issuance of new shares under a specific mandate. The circular, which includes important details and advice regarding the transaction, was initially expected to be sent to shareholders by June 20, 2025, but will now be dispatched by July 18, 2025. This delay is due to the need for additional time to finalize certain information, impacting the timeline for shareholder engagement and decision-making.
GoFintech Quantum Innovation Limited announced an expected improvement in its financial loss position for the year ending March 31, 2025, with losses anticipated not to exceed HK$5 million, a significant improvement from the HK$30.68 million loss recorded the previous year. This positive change is attributed to increased operating profits from its core businesses, decreased expected credit losses, and net gains on investments, signaling a strengthening of the company’s financial health and market positioning.
GoFintech Quantum Innovation Limited has announced that its board of directors will meet on June 30, 2025, to approve the annual results for the year ending March 31, 2025, and to consider recommending a final dividend. This meeting is significant as it will determine the company’s financial performance and potential shareholder returns, impacting its market positioning and stakeholder interests.
GoFintech Quantum Innovation Limited has announced the establishment of a joint venture with Quakey Tech and Dr. Zhang to develop quantum random number cloud services and quantum-encrypted digital currency hardware wallets. This strategic move is expected to enhance the company’s position in the fintech industry by offering advanced security solutions for cryptocurrency applications, including blockchain and stablecoins, with potential implications for fintech security, online gaming, and high-security communication networks.
GoFintech Quantum Innovation Limited has announced a delay in the dispatch of its circular regarding a connected transaction involving loan capitalisation and the issuance of new shares under a specific mandate. The circular, initially expected to be sent to shareholders by May 22, 2025, will now be dispatched by June 20, 2025, due to the need for additional time to finalize certain information.
GoFintech Quantum Innovation Limited announced the disposal of approximately 20 units of Bitcoin, amounting to about US$2.07 million, conducted in the open market from May 9 to May 19, 2025. This transaction is considered a discloseable transaction under the Listing Rules, as it exceeds 5% but is below 25% of applicable percentage ratios. The company expects to recognize a gain of approximately HK$6.94 million from the disposals, which will be used to supplement its general working capital and explore other investment opportunities. The disposals were made at prevailing market prices, and the terms are deemed fair and reasonable, benefiting the company and its shareholders.